Lex comply

    Query Transfer of Shares

    Posted By : Sachin / Published on : 10-Jun-2021 12:43 PM / View : 91 / Comment : 0
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    Dear Members,

    In a wholly owned subsidiary company, 99 shares are held in the Name of the Holding Company and 1 share is held by Mr. X as the Nominee of the Holding Company.

    Now the Holding Company intends to transfer its entire shareholding to Mr. A and Mr. B. in equal proportion.

    I need help with the following queries:

    1. Whether the nominee shareholder can execute the Share Transfer Deed (SH-4) even if the nominee is the registered owner and not the beneficial owner; or

    2. Whether the Holding Company can execute the Share Transfer Deed (SH-4) as the Beneficial Ownership lies with the Holding Company.
    Read more on : shares transfer query

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